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Mandated DisclosuresBuyer_rescission_rights_three_business_daysEASY

Under the Washington Seller Disclosure Act, after a buyer receives a completed Seller Disclosure Statement (Form 17), how many business days does the buyer have to rescind the purchase and sale agreement?

Correct Answer

A) Three business days from the date of receipt

Under RCW 64.06.013, a buyer has three business days after receiving the completed Seller Disclosure Statement (Form 17) to rescind the purchase and sale agreement without penalty. This right is a statutory protection unique to Washington's Seller Disclosure Act.

Answer Options
A
Three business days from the date of receipt
B
Three calendar days from the date of receipt
C
Five business days from the date of receipt
D
Two business days from the date of receipt

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Related Topics & Key Terms

Key Terms:

seller_disclosureform_17rescission_rightsbusiness_daysrcw_64_06
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